Why Children's Place Stock Jumped 58% Last Year
2021 was a banner year for The Children's Place (NASDAQ: PLCE), as shares in the children's apparel retailer jumped 58% according to data from S&P Global Market Intelligence.
The company made a strong recovery from the pandemic and easily beat analyst estimates throughout the year as apparel sales in general recovered from a disastrous 2020. As the chart below shows, the stock surged through the first half of the year, but gave up some of those gains at the end of the year amid broad pressure on retail stocks due to supply chain challenges and labor shortages.
Source Fool.com
